What are your plans with your CPF savings after reaching 55 years old? - Seedly
 

CPF

AMA 1M65

Asked by Cherie Julianne Tan

Asked on 07 Nov 2018

What are your plans with your CPF savings after reaching 55 years old?

I am not sure if it is possible to withdraw everything and leave behind the basic or full retirement sum but if it is possible, would you do so? Or would you leave your savings in your CPF to compound the interest?

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Loo Cheng Chuan
Loo Cheng Chuan, Founder at 1M65 Movement
Level 6. Master
Answered on 07 Nov 2018

Leave money inside and let it compound! I will leave to funds to snowball and grow all the way beyond 65, 70 - and I will withdraw it only when I need it. The interest rates are very high and CPF is very stable. I will keep the funds inside for as long as I can to let it grow exponentially.

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